Useful Info on P2P Car Sharing

Car sharing is an ideal option for tourists or inter-city dwellers, although it can be rather expensive choice sometimes. One step toward way affordable vehicle rentals is P2P (peer-to-peer) car sharing; it’s when ordinary car owners rent out their personal vehicles. How many times is your car parked in a garage or at the airport? Would it be better to put your fourwheeled companion to work instead of leaving it sit idle? Keep on reading to find out more on P2P car sharing!

Our vehicles are valuable possessions, but whether we drive them every day or not, they cost us money in the form of maintenance, insurance, loan payments etc. Does your car sit unused from time to time? The idea behind peer-to-peer car sharing is to make your car available for somebody else whenever you don’t need it.

Benefits and Risks

What are the benefits of P2P car sharing? Obviously, a car owner could recover one part of their annual vehicle costs, which could mean a lot for some people. On the other hand, a renter benefits from driving a vehicle for a few hours at a very affordable rate without the expenses and hassle related to vehicle ownership. In most cases, a renter can access the wanted vehicle within walking distance.

Are there any risks? A car owner faces the most risks with peer-to-peer car sharing, although the companies do maintain additional insurance for these vehicles and liability for accidents. And, of course, it can be quite difficult to let strangers drive your own beloved car. It’s highly recommended to talk to a tax specialist and/or your insurance agent before committing your vehicle(s), in order to make sure all the bases are covered.

Choose P2P Sharing Company Wisely

Nowadays, there are numerous P2P car sharing companies which match available registered vehicles with potential renters. Since this is a relatively young car rental version, it’s worth checking the company before either share or rent a car this way. Extended Rides is one of the trusted peer-to-peer car sharing companies, as well as an auto broker service. It’s in their best interest to keep both parties satisfied. Extended Rides’ corporate office is located at 100 SE 2nd St in Miami Florida, you may reach them at 888-525-8108. For more info on Extended Rides, check out reviews.

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